After a long career at Barron's, I joined Forbes as San Francisco bureau chief in December 2010. I've been writing about technology and investing for more than 25 years. With the Tech Trade, I've picked up where I left off when I was writing the Tech Trader Daily blog at Barrons.com. When I'm not working, you can find me riding my road bike around the Bay Area hills, managing my fantasy baseball team, rooting for my beloved Phillies and Eagles and hanging out in the Valley with my family. You can follow me on Facebook, on Twitter (@savitz), and on Google+.

Intel Capital Launches $100 Million Connected Car Fund

Intel this morning announced a $100 million fund dedicated to investing the technology that will accelerate the development of Internet-connected cars.

The company said the Intel Capital Connected Car Fund will target “new in-vehicle infotainment solutions, seamless mobile connectivity, compelling applications and advanced driver assistance systems.” The company asserts that by 2014, cars will be among the three fastest-growing market segments for connected devices and Internet content.

“Technology has become an integral component of everyday life, with consumers demanding uninterrupted access to the Internet and the constant flow of information, news, entertainment, and social media,” Intel President Arvind Sodhani said in a statement. “Automobiles must be able to provide these same consistent and engaging computing experiences, but in a safe manner. The Intel Capital Connected Car Fund will drive the development of technologies to enhance the in-vehicle experience of the future.”

The company today also announced the opening of a new Automotive Innovation and Product Development Center, to be based in Karlsruhe, Germany.

Post Your Comment

Post Your Reply

Forbes writers have the ability to call out member comments they find particularly interesting. Called-out comments are highlighted across the Forbes network. You'll be notified if your comment is called out.